86 400 Home Loans

Compare home loans interest rates and features from neobank 86 400, including variable and fixed home loans with Savings.com.au.


Launched in September 2019, the neobank gets its name from the amount of seconds available in the day. The bank is mobile-based, with the app featuring personalised savings tools, instant transfers using Osko and PayID, smart alerts and more.

The neobank is one of Australia's first, and most successful, with more than $200 million worth of mortgages on its books. This is in part thanks to gaining access to a broker network of more than 10,000 across Australia. The neobank does not invest in or lend money to companies in the fossil fuels industry.

On top of mortgages, the neobank also offers bank accounts, including a 'Pay' account with $0 account keeping fees or foreign transaction fees. It also has a 'Save' account with competitive interest rates in addition to $0 account keeping fees.

Compare 86 400 Mortgage Rates

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of . View disclaimer.

Buying a home or looking to refinance? The table below features home loans with some of the lowest variable interest rates on the market for owner occupiers.

What home loans does 86 400 offer?

The neobank offers a concise, yet competitive range of mortgages for owner occupiers, refinancers, and investors.  Mortgages are available across variable and fixed terms, with interest only (IO) and principal and interest (P&I) payment schedules. 

One of the key features of the neobanks' home loan suite is the 'Neat Home Loan'. The Neat home loan series features a cascading set of interest rates, which reduce as the borrower pays down their home loan, available to both owner occupiers and investors.

86 400 home loan features

Across its range, the neobank has a few product features, including:

  • Offset Account: A 100% offset account is available on 'Own' variable home loans.
  • Redraw: A redraw facility is available across all home loan types.
  • Extra Repayments: Additional repayments are available, up to unlimited for variable loans, but limited to $20,000 on fixed home loans.
  • Split Loans: Option to split home loans across both fixed and variable interest rates.

Note: These features are not exhaustive, and may not be offered across all home loans.

How to apply for an 86 400 home loan

Eligibility criteria

The neobank has eligibility criteria for its home loans, including:

  • Have at least a 20% deposit or equity - its maximum LVR is 80%
  • Are buying or refinancing for residential property (the neobank doesn't lend for vacant land)
  • Are an Australian citizen or permanent resident
  • Have a good credit historyAre a PAYG employee

From there, the application process is totally digital, starting with an online form submission, and a subsequent chat with one of the banks Lending Specialists. 

86 400 Frequently asked questions

How long does it take for 86 400 to process my home loan application?

Generally, it can take several weeks for your home loan application to be fully processed and approved, as 86 400 needs to verify your identity, assess your finances and transfer security of the property. 

Pre-approval usually takes less time than unconditional approval. Speak to an 86 400 lending specialist for more information on your application.

How does 86 400 verify my identity?

86 400 can verify your identity electronically using the personal details you have provided in your application. If you’re still having issues verifying your identity, these are some common verification issues.

Why was my home loan application unsuccessful?

Your home loan application can be unsuccessful if you don't meet the eligibility criteria or haven't supplied all the documentation required for the process to move forward.